Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...

Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...

The latest Energy Information Administration data showed U.S. commercial crude oil stocks jumped 8.7 million bbl for the week ended Friday. Gasoline inventories also jumped 2.2 million bbl, while ...

HOUSTON, Jan 17 (Reuters) - Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply ...

Brent oil is under pressure amid broad pullback in the oil markets. U.S. dollar’s pullback and falling Treasury yields did not provide any support to oil prices in today’s trading session.

The U.S. Energy Information Administration (EIA) revealed its latest Brent spot price ... targeting Russia’s oil sector on January 10. “For all of 2024, the Brent price averaged $81 per ...

“Increasing inventories put downward pressure on prices through the remainder of our forecast. As a result, we expect the average Brent crude oil price ... mostly in line with recently announced ...

According to data from Trading Economics, the price of palm oil reached its highest point since mid-2022 late last year. On 11 November, the price reached 5,195 Malaysian ringgit (€1121.76) per tonne, ...

Oil prices pared losses on Thursday as markets assessed a statement from Treasury Secretary nominee Scott Bessent, stating that the US is ready to impose stronger sanctions on Russian oil companies.

As a result, the EIA forecasts that average Brent oil prices will be $74.31 per barrel and the American West Texas Intermediate (WTI) is expected to trade at $70.31 per barrel in 2025. In the ...

US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand, according to the US Energy Information Administration. The agency said US gasoline prices ...

Oil prices rose more than 2 per cent on Wednesday ... while a Gaza ceasefire deal limited gains. Brent crude futures gained $1.69, or 2.11 per cent, at $81.61 a barrel by 1:40 p.m. EST (1840 ...